# Nord Reports Updated Gowganda Tailings Indicated Mineral Resource of 2.814 Million Ounces of Silver at 47.4 g/t Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nord-reports-updated-gowganda-tailings-indicated-mineral-resource-of-2-814-milli--39d9208c-f9f3-4c5d-9d14-be90db04b269 Original source: https://money.tmx.com/en/quote/NTH/news/4927059882740216/nord-reports-updated-gowganda-tailings-indicated-mineral-resource-of-2-814-milli Publisher: tmx Original announcement: 2026-09-15T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-16T14:23:40.571Z Atlas analysis updated: 2026-09-16T14:23:40.571Z - Company: Nord Precious Metals Mining Inc. - Ticker: NTH - Exchange: TSX - Region: Ontario - Primary commodity: Silver - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-16 14:23:41 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Nord Precious Metals has reported an updated Indicated Mineral Resource for the Gowganda Silver Tailings Project in Ontario, totaling 1.845 million tonnes at 47.4 g/t silver. The resource contains approximately 2.814 million ounces of silver and was prepared using a 10 g/t Ag cut-off grade. Reasoning: The update establishes a defined Indicated resource for the Gowganda tailings, providing a technical foundation for upcoming permitting and recovery work. - Positive factor: Indicated resource established - Positive factor: Significant silver inventory \(2.814 Moz\) - Positive factor: QP sign-off provided - Positive factor: Cut-off grade disclosed - Negative factor: Relies on historical tailings data - Negative factor: Historical data cannot be fully verified Facts used in scoring: 4 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is explicitly classified as Indicated mineral resource. Evidence · text > comprises an Indicated Mineral Resource **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Duncan Studd, M.Sc., P.Geo. of GeoVector is named as the responsible Qualified Person. Evidence · text > Duncan Studd, M.Sc., P.Geo. of GeoVector is responsible **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource is reported at a base case cut-off grade of 10 g/t Ag. Evidence · text > at a 10 g/t silver cut-off grade **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate is prepared in accordance with NI 43-101 standards. Evidence · text > as defined by NI 43-101 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nord-reports-updated-gowganda-tailings-indicated-mineral-resource-of-2-814-milli--39d9208c-f9f3-4c5d-9d14-be90db04b269#fact-resource-facts-0) Gowganda Silver Tailings Project · silver #### Identity - Project: Gowganda Silver Tailings Project - Commodity: silver - Region: canada\_on - Reported Region: Ontario - Ticker: NTH #### Resource scope - Estimate type: resource - Effective date: 2026-08-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Duncan Studd - Resource group id: resource:470fab35cf63c5bbf4b7 - Deposit or zone: Main Tailings - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 1762000 - Grade: 46.3 - Grade Unit: g/t - Contained Metal: 2622000 - Contained Unit: oz - Cutoff Grade: 10 - Cutoff Unit: g/t Ag #### Prior Estimate - Resource Date: 2026-08-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-15T00:00:00.000Z Reasoning: Main tailings domain represents the bulk of the indicated resource. - Positive factor: Largest domain in the resource Evidence · table > 46.3 Context: 1,762,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nord-reports-updated-gowganda-tailings-indicated-mineral-resource-of-2-814-milli--39d9208c-f9f3-4c5d-9d14-be90db04b269#fact-resource-facts-1) Gowganda Silver Tailings Project · silver #### Identity - Project: Gowganda Silver Tailings Project - Commodity: silver - Region: canada\_on - Reported Region: Ontario - Ticker: NTH #### Resource scope - Estimate type: resource - Effective date: 2026-08-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Duncan Studd - Resource group id: resource:e14ecece65589e3e876a - Deposit or zone: South Tailings - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 52000 - Grade: 42.9 - Grade Unit: g/t - Contained Metal: 72000 - Contained Unit: oz - Cutoff Grade: 10 - Cutoff Unit: g/t Ag #### Prior Estimate - Resource Date: 2026-08-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-15T00:00:00.000Z Reasoning: Secondary domain within the tailings resource. Evidence · table > 42.9 Context: 52,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nord-reports-updated-gowganda-tailings-indicated-mineral-resource-of-2-814-milli--39d9208c-f9f3-4c5d-9d14-be90db04b269#fact-resource-facts-2) Gowganda Silver Tailings Project · silver #### Identity - Project: Gowganda Silver Tailings Project - Commodity: silver - Region: canada\_on - Reported Region: Ontario - Ticker: NTH #### Resource scope - Estimate type: resource - Effective date: 2026-08-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Duncan Studd - Resource group id: resource:96adceb2ce2257b33b32 - Deposit or zone: Outflow One - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 10000 - Grade: 96.5 - Grade Unit: g/t - Contained Metal: 31000 - Contained Unit: oz - Cutoff Grade: 10 - Cutoff Unit: g/t Ag #### Prior Estimate - Resource Date: 2026-08-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-15T00:00:00.000Z Reasoning: High grade outflow domain. - Positive factor: High grade relative to main tailings Evidence · table > 96.5 Context: 10,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nord-reports-updated-gowganda-tailings-indicated-mineral-resource-of-2-814-milli--39d9208c-f9f3-4c5d-9d14-be90db04b269#fact-resource-facts-3) Gowganda Silver Tailings Project · silver #### Identity - Project: Gowganda Silver Tailings Project - Commodity: silver - Region: canada\_on - Reported Region: Ontario - Ticker: NTH #### Resource scope - Estimate type: resource - Effective date: 2026-08-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Duncan Studd - Resource group id: resource:5f287afb3bb81599742f - Deposit or zone: Outflow Two - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 21000 - Grade: 134 - Grade Unit: g/t - Contained Metal: 89000 - Contained Unit: oz - Cutoff Grade: 10 - Cutoff Unit: g/t Ag #### Prior Estimate - Resource Date: 2026-08-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-15T00:00:00.000Z Reasoning: High grade outflow domain. - Positive factor: Highest grade domain Evidence · table > 134.0 Context: 21,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.